Business News
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Forex reserves fall $69 million | The Express Tribune
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[ad_1] Listen to article KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $69 million during the week ended July 18, 2025, which took the central bank’s reserves to $14.46 billion. The SBP attributed the decrease to scheduled external debt repayments. Despite the dip, the country’s total liquid foreign reserves remained…
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Trump announces ‘massive’ Japan trade deal
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[ad_1] U.S. President Donald Trump shakes hands with Japan’s Prime Minister Shigeru Ishiba at the White House in Washington, US on February 7, 2025. — Reuters WASHINGTON: US President Donald Trump announced on Tuesday a “massive” trade deal with Japan, cutting a threatened 25% tariff to 15% ahead of an August 1 deadline. Trump has…
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China’s GDP grows 5.3% in H1 despite global headwinds | The Express Tribune
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[ad_1] Listen to article KARACHI: Defying all predictions, China’s economy grew by 5.3% year-on-year in the first half of 2025, according to preliminary data released by the National Bureau of Statistics (NBS), as Beijing rejigged its trade strategy in the wake of US President Donald Trump’s tariff offensive. Beijing stayed ahead of the curve and outmanoeuvred the…
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FM Aurangzeb pushes to finalise US trade deal
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[ad_1] Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad,, on July 19, 2024. — Reuters ISLAMABAD: Finance Minister Muhammad Aurangzeb is making proactive efforts to secure a trade agreement with the United States ahead of the August deadline, Bloomberg reported on Saturday. Aurangzeb is engaged in negotiations in…
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KCCI urged to invest in livestock, fisheries | The Express Tribune
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[ad_1] Listen to article KARACHI: Sindh Minister for Livestock and Fisheries, Muhammad Ali Malkani, has called on the Karachi Chamber of Commerce and Industry (KCCI) to nominate representatives for advisory bodies of the Livestock and Fisheries Department. This would allow the private sector to actively shape policies and future planning in the sector. During a visit to…
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PSX extends bullish rally on aggressive buying, earnings season momentum
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[ad_1] Brokers are busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Wednesday, June 4, 2025. — PPI The equity market on Tuesday extended its bullish rally, with benchmark index gaining over 1,200 points during the opening minutes of the session. The Pakistan Stock Exchange’s (PSX) KSE-100 Index climbed to an intraday high…
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India eases sulphur emission rules | The Express Tribune
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[ad_1] Listen to article NEW DELHI: India has reversed a decade-old mandate to install $30 billion worth of clean-air equipment, easing sulphur emission rules for most coal-fired power plants, a government order said. Reuters in December reported that the government was reviewing 2015 norms that required nearly 540 coal-based power units to install flue-gas desulphurisation (FGD) systems…
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Trump slaps 35% tariff on Canada, plans more for others
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[ad_1] Republican presidential nominee and former US President Donald Trump holds a campaign rally in Indiana, Pennsylvania, U.S., September 23, 2024. — Reuters US President Donald Trump said on Thursday the United States would impose a 35% tariff on imports from Canada next month and planned to impose blanket tariffs of 15% or 20% on…
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Duties on sugar import waived | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: The federal cabinet has approved the import of 500,000 metric tons of sugar, waiving 53% in import taxes to offset the negative impact of its earlier decision to allow sugar exports despite objections from the finance ministry. The cabinet waived all the duties and taxes on the import of sugar, which has…
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Bull run continues as PSX hits new highs
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[ad_1] Broker is busy in trading at Pakistan Stock Exchange (PSX) in Karachi on Tuesday, July 1, 2025. — PPI The stock market built on the previous week’s gains propelled by optimism on Monday over trade negotiations, improving economic indicators and investor rotation into equities. “Tariff deal and continued optimism is fueling the rally. Technically,…
